Paytm raises $300 million from Berkshire Hathaway; GST Council meet: National cess to help calamity-hit states on agenda; India's IMPS rated best payments service in the world; Walmart to invest Rs 180 crore for farmer support; India will replace Japan to become the world's 3rd biggest economy by 2030. Watch more in this episode of Business Wrap.

Paytm raises $300 million from Berkshire HathawayOne97 Communications Ltd, the parent company of Paytm, has raised $300 million from Warren Buffett's Berkshire Hathaway Inc., according to regulatory documents, as reported by Mint. This will be Berkshire Hathaway's first investment in the country's startup ecosystem. This is being considered a boost for India's startup industry.GST Council meet: National cess to help calamity-hit states on agendaThe Goods and Services Tax Council w...

IPPB will leverage reach of 1.55 lakh post office branches to provide banking and financial service to people in rural areas. This will create the country's largest banking network with direct presence at village level.

Prime Minister Narendra Modi on August 21 will launch long-awaited India Post Payments Bank (IPPB) that will have at least one branch in every district and focus on financial services in rural areas, a senior official said.

The payments bank reportedly already has 3,000 Paytm ka ATMs serving as cash-in and cash-out points in select cities-including Delhi NCR, Lucknow, Kanpur, Allahabad, Varanasi and Aligarh-which were rolled out in the first phase.